Finance

Wells Fargo is staffing up its restaurant finance team ahead of an expected M&A surge

1 day ago   |   By Business Insider

Summary List Placement Wells Fargo's depleted restaurant financing team has a new leader.
Meghan Hinds, a managing director, and 15-year veteran of the bank will take the reins, two months after eight bankers were lured away by MUFG , a spokesperson for the bank confirmed.
She started at Wells in 2006 and covered debt capital markets for Wells Fargo Securities, before joining the restaurant financing group in 2009. Hinds is currently on maternity leave, but will start the new role in September.
She will lead funding for restaurants, convenience stores, and hospitality-related real estate...
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Black Knight: National Mortgage Delinquency Rate Decreased in June

Black Knight: National Mortgage Delinquency Rate Decreased in June

1 day ago   |   By Calculated Risk

Note: At the beginning of the pandemic, the delinquency rate increased sharply. Loans in forbearance are counted as delinquent in this survey, but those loans are not reported as delinquent to the credit bureaus.
From Black Knight: Black Knight: 1.55 Million Serious Delinquencies Remain; At Current Rate of Reduction, 1 Million Still Likely As September's Wave of Forbearance Expirations Begins
• The national delinquency rate hit its lowest level since the onset of the pandemic and is now back below its pre-Great Recession average
• Despite the improvement, there are more than 1.5 million...
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Investors' Risk Appetite Is At An All-Time High. That Could Be A Problem

1 day ago   |   By Forbes

Due mainly to stimulus measures, the U.S. deficit is expected to hit $3 trillion this year; meanwhile, total assets held by the Federal Reserve are on their way to $9 trillion.
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Adjunct professors should be eligible for relief from the 'crushing burden' of student debt, Democrats say in new bill

Adjunct professors should be eligible for relief from the 'crushing burden' of student debt, Democrats say in new bill

1 day ago   |   By Business Insider

Summary List Placement The Public Service Loan Forgiveness program forgives the student debt of public servants after 120 qualifying payments. But while full-time teachers qualify for this relief, adjunct professors don't.
Four Democrats want to change that.
On Thursday, Illinois Sens. Dick Durbin and Tammy Duckworth, along with Hawaii Sen. Mazie Hirono and New Jersey Sen. Cory Booker, introduced the Adjunct Faculty Loan Fairness Act, which would make adjunct professors eligible to participate in PSLF.
Under current law, a public service job is characterized as full-time work, or a minimum...
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US average mortgage rates dip for 4th week; 30-year at 2.78%

1 day ago   |   By Chron

WASHINGTON - Mortgage rates fell for the fourth straight week, undercut by worries that the surging delta coronavirus variant and the worsening pandemic in hotspots around the world could derail what has been a strong economic recovery.
Mortgage buyer Freddie Mac reported Thursday that the average for the 30-year home loan dipped to 2.78% from 2.88% last week, down from its peak this year of 3.18% in April. The key rate stood at 3.01% a year ago.
The rate for a 15-year loan, a popular option among homeowners refinancing their mortgages, declined to 2.12% from 2.22% last week.
The concern...
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Flagstar Bank mortgage review: Choose from a variety of home loans that are available in all 50 US states

Flagstar Bank mortgage review: Choose from a variety of home loans that are available in all 50 US states

1 day ago   |   By Business Insider

Table of Contents: Masthead StickySummary List Placement
Editor's rating 4.25 / 5
Minimum credit score 620
Minimum down payment 3%
Types of mortgages
Conforming, jumbo, FHA, VA, USDA, HFA , construction, renovation, refinance, home equity loan and HELOC
See rates from Flagstar Bank
*Minimum credit score and down payment are for conforming mortgages
The bottom line: Flagstar Bank is a good mortgage lender for many types of people, because it offers more types of home loans than many lenders.
Overall lender rating
Feature
Insider rating
Loan types 5
Affordability 4
Customer satisfaction...
Read more ...

 

Mortgage rates hit new all-time low for 15-year loans

1 day ago   |   By Inman

Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well.
Read more ...

 


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Groups worry about tapping COVID relief for infrastructure

Groups worry about tapping COVID relief for infrastructure

WASHINGTON - Organizations representing long-term care facilities on Friday urged lawmakers working on a bipartisan infrastructure plan to avoid dipping into COVID-relief funds... Read more ...

Groups worry about tapping COVID relief for infrastructure

Groups worry about tapping COVID relief for infrastructure

WASHINGTON - Organizations representing long-term care facilities on Friday urged lawmakers working on a bipartisan infrastructure plan to avoid dipping into COVID-relief funds... Read more ...

Jeff Bezos' 18-year-old space-flight companion reportedly told him he had...

Jeff Bezos' 18-year-old space-flight companion reportedly told him he had never bought anything from Amazon before

Summary List Placement The 18-year-old passenger on Blue Origin's spaceflight on Tuesday had an awkward admission to former Amazon CEO Jeff Bezos during the trip. Dutch... Read more ...

A man in Texas told someone he matched with on Bumble that he attended the...

A man in Texas told someone he matched with on Bumble that he attended the US Capitol riot where the FBI says he attacked police with a metal whip. They turned him in

Summary List Placement A man in Texas has been arrested after he boasted to a match on an online dating app about attending the January 6 insurrection from "the very... Read more ...

Wall Street rallies to record-breaking end of turbulent week

Wall Street rallies to record-breaking end of turbulent week

NEW YORK - Stocks rallied to records on Wall Street Friday, and the Dow Jones Industrial Average closed above the 35,000 level for the first time, as the market continued to... Read more ...

How to watch gymnastics at the Tokyo Olympics - the finals are free to...

How to watch gymnastics at the Tokyo Olympics - the finals are free to stream on Peacock

Summary List Placement Gymnastics are one of the most anticipated events at the 2020 Tokyo Olympics. Qualification subdivisions start on July 23 and the last gymnastics final... Read more ...

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

July 23rd COVID-19, New Cases, Hospitalizations, Vaccinations

The 7-day average cases is the highest since May 6th. The 7-day average hospitalizations is the highest since May 25th. This data is from the CDC . According to the CDC, on... Read more ...

Yellen outlines to Congress emergency measures on debt limit

Yellen outlines to Congress emergency measures on debt limit

WASHINGTON - Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented... Read more ...

The Latest: WH: US to buy 200M more doses of Pfizer vaccine

The Latest: WH: US to buy 200M more doses of Pfizer vaccine

WASHINGTON - The federal government is buying 200 million more doses of the Pfizer coronavirus vaccine to prepare for future needs, such as boosters and shots for kids under 12. Read more ...

Activision Blizzard influencers are turning their backs on the video game...

Activision Blizzard influencers are turning their backs on the video game giant after a bombshell lawsuit

Summary List Placement After a bombshell lawsuit was filed by the California Department of Fair Employment and Housing against video game company Activision Blizzard on... Read more ...